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Question

Sike Ltd., a reputed industrial machines manufacturer, needs rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, Chief Executive Officer (CEO) of the company, wants to raise funds through equity. The Finance Manager, Mr. Narinder Singh, suggested that the shares may be sold to the public through intermediaries, as the same will be less expensive. Name the method through which the company decided to raise additional capital.


A

Offer through Prospectus

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B

Offer for Sale

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C

Private Placement

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D

Right Issue

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Solution

The correct option is B

Offer for Sale


'Offer for sale' is the method through which the company decided to raise additional capital.


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